LONDON — July 22 2009 – BGC Partners, Inc. (Nasdaq: BGCP), a leading inter-dealer broker of financial instruments, today announced the addition of a Precious Metals desk to work alongside its existing Base Metals desk of eleven years standing.
The Precious Metals desk will provide broking services in Options, Forwards, IRS, EFP, and Nymex Clearport products and will be managed by Richard Yeabsley, head of FX Options in London. BGC Partners will also provide global coverage in broking the precious metals via offices in London, New York, Sydney, Singapore, Tokyo and Hong Kong.
BGC Partners are also pleased to announce that Bob Davis has joined the team. Bob has 22 years experience in the bullion market and will manage the Forwards, IRS and EFP broking. Previously Bob was global head of Precious Metals Sales and Marketing at BNP Paribas in London.
Shaun Lynn, President of BGC Partners said:
“The creation of this desk is closely aligned to BGC Partners’ overall growth strategy and will both add to and strengthen our existing commodities franchise.”
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For further information
BGC Partners, Inc.
Media
Florencia Panizza, +1 212 294 7938
fpanizza@bgcpartners.com
Investors
Jason McGruder, +1 212 829 4988
jmcgruder@bgcpartners.com
About BGC Partners, Inc.
BGC Partners, Inc. (NASDAQ: BGCP) is a leading, fast growing, and global inter-dealer broker, specializing in the brokering of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to the world’s largest and most creditworthy banks, broker-dealers, investment banks, trading firms, and investment firms for a broad range of global financial products, including fixed income securities, interest rate swaps, foreign exchange, equity derivatives, credit derivatives, futures, commodities, structured products, and other instruments.
Through its eSpeed and BGC Trader brands, BGC Partners uses its proprietary, built, and paid for technology to operate multiple buyer, multiple seller real-time electronic marketplaces for the world’s most liquid capital markets. The Company’s pioneering suite of tools provides end-to end transaction solutions for the purchase and sale of financial products over its global private network or via the Internet. BGC Partners’ neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading for the world’s largest financial firms. Through its BGCantor Market Data brand, the Company also offers globally distributed and innovative market data and analysis products for numerous financial instruments and markets.
BGC’s unique partnership structure and extensive employee ownership create a distinctive competitive advantage among its peers. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has 16 offices in New York and London, as well as in Beijing (representative office), Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Mexico City, Nyon, Paris, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information, visit https://bgcpartnersprd.wpengine.com. The Company’s corporate address is: BGC Partners, Inc., 499 Park Avenue, New York, New York 10022. The media, analysts, and investors can also subscribe to BGC Partners’ investor “Email Alerts” at the “Investor Relations” section of https://bgcpartnersprd.wpengine.com